WeWork troubles deepen as SoftBank pulls its $3 billion tender offer [CNBC]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
Company Research
Source: CNBC
TechWeWork troubles deepen as SoftBank pulls its $3 billion tender offerPublished Thu, Apr 2 2020Updated Moments AgoKey Points. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan.Tomohiro Ohsumi | Getty ImagesThe tech investment giant said in a statement that given its duty to its shareholders it could no longer proceed with the deal, citing criminal and civil probes into the startup, WeWork's failure to restructure a joint venture in China and the impact of the coronavirus pandemic.A special committee of WeWork's board said it was disappointed and is considering "all of its legal options, including litigation."SoftBank's decision to rescind the offer means the Japanese firm is no longer obligated to proceed with a further $1.1 billion in debt financing for WeWork. It also underscores the depth of the disarray at WeWork, which is undergoing a drastic restructuring and whose earnings are at risk as many countries impo
Show less
Read more
Impact Snapshot
Event Time:
SFTBY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SFTBY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SFTBY alerts
High impacting SOFTBANK GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
SFTBY
News
- Fortress Acquires Texas Hydraulics, Leading Hydraulic Solutions Company [Yahoo! Finance]Yahoo! Finance
- Indian e-scooter maker Ola Electric to lay off 500 employees, Moneycontrol reports [Yahoo! Finance]Yahoo! Finance
- SoftBank's Masayoshi Son Says Nvidia Stock Is Undervalued. Here's Another Artificial Intelligence (AI) Stock I Think Is a Better Bargain. [Yahoo! Finance]Yahoo! Finance
- Sleep Smarter: Eight Sleep, The World's First Sleep Fitness Company, Expands to the UAE [Yahoo! Finance]Yahoo! Finance
- Rajeev Misra's OneIM Upsizes to $8 Billion to Boost Investments [Yahoo! Finance]Yahoo! Finance